Persistence Market Research is released new forthcoming report on title "Medical Tapes Market: Global Industry Analysis and Forecast to 2020".

New York, NY -- (SBWire) -- 10/16/2014 --Medical tapes, also called as surgical tapes, refer to the pressure-sensitive adhesive tapes that are used in wound management. Medical tapes hold the bandage or other dressing in a correct position over wound. Medical tapes have hypoallergenic adhesive which holds the medical tape firmly over skin. These tapes allow air to pass through them, thus do not cause any damage to skin. On the basis of adhesiveness, medical tapes market can be classified into single sided medical tapes and double sided medical tapes.

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On the basis of material, elastic therapeutic tapes segment have the fastest growing market. North America, followed by Europe, has the largest market for medical tapes due to increasing prevalence of chronic wounds and high acceptance for different types of medical tapes available. Asia is expected to show high growth rate in next five years in medical tapes market. China and India are expected to be the fastest growing medical tapes markets in Asia region. Some of the key driving forces for medical tapes market in emerging countries are large pool of patients, growing awareness about medical tapes and improving healthcare facilities.

Some of the major factors driving the global medical tapes market are growing awareness about different types of medical tapes, cost effectiveness and improvement in the healthcare facilities. In addition, innovation of new medical tapes with better efficiency is driving the global medical tapes market. However, increasing cases of allergic sensitization to adhesive tape and lack of proper regulation are some of the key factors restraining the global medical tapes market.

Innovations of some new types of medical tapes with improved characteristics are expected to offer good opportunities for medical tapes market. In addition, growing demographics and economies in the developing countries hold a great potential for growth of medical tapes market. One of the latest trends that has been observed in the global medical tapes market includes companies involved in launch of products with improved features. Some of the major companies dealing in global medical tapes market are 3M Company, Paul Hartmann AG, Baxter Healthcare, Johnson & Johnson and Smith & Nephew. Some other companies having significant presence in medical tapes market are Covidien, Mueller Sports Medicine, Inc. and Sterimed Medical Devices.

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